Igneo Infrastructure Partners has raised EUR 4.1 billion (US$ 4.4 billion) for its European Diversified Infrastructure Fund III (EDIF III) and secured approximately EUR 2.1 billion (US$ 2.2 billion) of potential co-investment commitments from 55 institutional investors.
Investors from previous funds within the EDIF series account for 63% of total commitments, with approximately 62% of these commitments originating from European institutional investors. The remaining portion comes from investors based in Asia, Australia, and North America. EDIF III has a maximum fund size of EUR 5 billion (US$ 5.3 billion), and another round of fundraising is anticipated. The fundraising strategy was designed to ensure disciplined investment focus while enabling the swift deployment of investors' capital. To date, EUR 2.7 billion (US$ 2.9 billion) has been invested across five assets. The series of funds primarily targets sustainable and mature European mid-market infrastructure assets in sectors such as energy, transportation, utilities, and telecommunications. The portfolio of EDIF III includes Enfinium, a UK-based energy-from-waste platform; Finerge, a renewable energy generator in the Iberian Peninsula; EVOS, a pan-European liquid-energy storage platform; Westconnect, which holds fiber-optic networks in Germany; and DAH Gruppe, a biogas producer based in Germany.